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Technology
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Micro Cap
Market Cap £3.41m
Enterprise Value £1.22m
Revenue £3.68m
Position in Universe 1894th / 1948

Harvest Minerals Ltd - Update on Arapua Fertilizer Project - Part 2

Mon 22nd February, 2016 7:00am
- Part 2: For the preceding part double click  ID:nRSV6679Pa 

                                                                                                                                                                                                                                                                                                                                   
 ·      Discuss and adjustment to assays                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ·      Does not apply as no assay results are presented in this announcement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Location of Data Points                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ·      Accuracy and quality of surveys used to locate drill holes (collar and down hole surveys), trenches, mine workings and   ·      Ground Mag / Radiometric Survey and Geological Mapping: Measurements points locations have been located using handheld GPS with an accuracy of +/- 3 metres which is considered by the Company as appropriate for this stage of the project.                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              other locations used in Mine Resource estimation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 ·      Specification of grid system used                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ·      Coordinates are presented in datum WGS84, System UTM Zone 23S.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ·      Quality and adequacy of topographic control.                                                                             ·      Topographic control is based on topographic data down loaded from public source.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Data Spacing and Distribution                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ·      Data spacing for reporting of Exploration results.                                                                       ·      Ground Mag: 100 meters spaced lines with continuous measurements along the survey lines (Walking Mag) and average of 1,47m spacing between the stations. ·      Ground Radiometric:100 meters spaced lines with measurements at each 50 meters.                                                                                                                                                                                                                                                                                                                                                                                     
 ·      Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classification applied.                                                                                                                                                                                                                                                                                                                                           ·      Not applicable to this style of sampling due to its reconnaissance nature.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 ·      Whether sample compositing has been applied.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ·      Not applicable to this style of sampling due to its reconnaissance nature.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Orientation of Data in relation to Geological Structure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ·      Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which is known,  ·      Survey carried out on lines oriented perpendicular to plateau Serra do Maxixe, allowing crossing the entire area's stratigraphy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              considering the deposit type.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 ·      If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.                                                                                                                                                                                                                                                                                                                                                            ·      Does not apply as no drilling results are presented in this announcement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 Sample security                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ·      The measures taken to ensure sample security.                                                                            ·      Does not apply as no assay results are presented in this announcement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 Audit or Reviews                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             ·      The results of any audits or reviews of sampling techniques and data.                                                    ·      No audits or reviews have been carried out at this stage.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 
 
Section 2 Reporting of Exploration Results 
 
 Criteria                                                          JORC Code explanation                                                                                                           Commentary                                                                                                                                                                                                                                                                                                                                                              
 Mineral tenement and land tenure status                           ·    Type, reference name/number, location and ownership including agreements or material issues with third parties such as     ·      The Arapua Project comprises seven exploration licences covering a total area of 12,997.6 hectares. ·      The mineral properties at Arapua Project are registered under the following processes; 832.447/2009, 832.448/2009, 832,451/2009, 831.144/2010, 831.145/2010, 831.146/2010 and 831.275/2010. ·      All tenements are granted exploration licenses.    
                                                                   joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and                                                                                                                                                                                                                                                                                                                                                                           
                                                                   environmental settings.·    The security of the tenure held at the time of reporting along with any known impediments to                                                                                                                                                                                                                                                                                                                                                                                
                                                                   obtaining a licence to operate in the area.                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Exploration done by other parties                                 ·    Acknowledgment and appraisal of exploration by other parties.                                                              ·      Very limited work was conducted by the original owners and was limited to regional mapping and sample rock analysis, using hand held XRF equipment.                                                                                                                                                                                                              
 Geology                                                           ·    Deposit type, geological setting and style of mineralisation.                                                              ·      Potash-phosphate enrichment associated with ultrapotassic rocks (Arapua Project).                                                                                                                                                                                                                                                                                
 Drill hole Information                                            ·    A summary of all information material to the understanding of the exploration results including a tabulation of the        ·      No drilling results are presented in this announcement so no drill hole information is provided.      ·      No drilling results are presented in this announcement so no drill hole information is provided.                                                                                                                                                    
                                                                   following information for all Material drill holes:o easting and northing of the drill hole collaro elevation or RL (Reduced                                                                                                                                                                                                                                                                                                                                                                            
                                                                   Level - elevation above sea level in metres) of the drill hole collaro dip and azimuth of the holeo down hole length and                                                                                                                                                                                                                                                                                                                                                                                
                                                                   interception deptho hole length. ·    If the exclusion of this information is justified on the basis that the information is not                                                                                                                                                                                                                                                                                                                                                                         
                                                                   Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain                                                                                                                                                                                                                                                                                                                                                                          
                                                                   why this is the case.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 Data aggregation methods                                          ·    In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of  ·      Does not apply as no drilling results are presented in this announcement.  ·      Does not apply as no drilling results are presented in this announcement.  ·      No assumptions are included in this report.                                                                                                                                                  
                                                                   high grades) and cut-off grades are usually Material and should be stated. ·    Where aggregate intercepts incorporate short                                                                                                                                                                                                                                                                                                                                                                            
                                                                   lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated                                                                                                                                                                                                                                                                                                                                                                         
                                                                   and some typical examples of such aggregations should be shown in detail. ·    The assumptions used for any reporting of metal                                                                                                                                                                                                                                                                                                                                                                          
                                                                   equivalent values should be clearly stated.                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Relationship between mineralisation widths and intercept lengths  ·    These relationships are particularly important in the reporting of Exploration Results.·    If the geometry of the         ·      The geometry of the mineralization is not clearly defined at the current level of exploration. ·      No drilling results are presented in this announcement so no drill hole information is provided.                                                                                                                                                           
                                                                   mineralisation with respect to the drill hole angle is known, its nature should be reported. ·    If it is not known and only                                                                                                                                                                                                                                                                                                                                                                           
                                                                   the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not                                                                                                                                                                                                                                                                                                                                                                              
                                                                   known').                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 Diagrams                                                          ·    Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery ·      Results from all applied technics are shown on Figures 3,4,5,6,7,8 and 9.                                                                                                                                                                                                                                                                                        
                                                                   being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional                                                                                                                                                                                                                                                                                                                                                                         
                                                                   views.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 Balanced reporting                                                ·    Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high ·      Results from all applied technics are shown on Figures 3,4,5,6,7,8 and 9.                                                                                                                                                                                                                                                                                        
                                                                   grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.                                                                                                                                                                                                                                                                                                                                                                                                          
 Other substantive exploration data                                ·    Other exploration data, if meaningful and material, should be reported including (but not limited to): geological          ·      The Company's previous ASX releases have detailed exploration works on the Arapuá Project and results/conclusions drawn from these.                                                                                                                                                                                                                              
                                                                   observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical                                                                                                                                                                                                                                                                                                                                                                         
                                                                   test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating                                                                                                                                                                                                                                                                                                                                                                                  
                                                                   substances.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Further work                                                      ·    The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out  ·      Air Core or Reverse Circulation drilling program.                                                                                                                                                                                                                                                                                                                
                                                                   drilling).  ·    Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations                                                                                                                                                                                                                                                                                                                                                                          
                                                                   and future drilling areas, provided this information is not commercially sensitive.                                                                                                                                                                                                                                                                                                                                                                                                                     
 
 
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